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[QUOTE=LagAttack;936784][B][SIZE=4]"Statistics are invisible; anecdotes are salient."[/SIZE][/B]

Many of your anecdotes are most likely comparing apples to oranges... figuratively [I]and[/I] literally.

And for the ones that aren't comparing apples to oranges - there are countless other explanations for an increase in price that are unrelated to economy-wide 100+% inflation rates.



You're not wrong, printing money in a fiat currency causes inflation. There [I]has[/I] been inflation in the consumer good price index, in fact inflation is at the highest rate since Jun-Aug 2008, and since 1991 before that.

Particularly salient anecdotes have just suggested a magnitude to the inflation which is much higher than the true value.



This is admittedly something that many people do struggle with - a conflict between their conclusions based on anecdotal observations and statistical facts.[/QUOTE]

[video=youtube;DISHFF3BQmw]https://www.youtube.com/watch?v=DISHFF3BQmw[/video]

Originally Posted by LagAttack

"Statistics are invisible; anecdotes are salient."

Many of your anecdotes are most likely comparing apples to oranges... figuratively and literally.

And for the ones that aren't comparing apples to oranges - there are countless other explanations for an increase in price that are unrelated to economy-wide 100+% inflation rates.



You're not wrong, printing money in a fiat currency causes inflation. There has been inflation in the consumer good price index, in fact inflation is at the highest rate since Jun-Aug 2008, and since 1991 before that.

Particularly salient anecdotes have just suggested a magnitude to the inflation which is much higher than the true value.



This is admittedly something that many people do struggle with - a conflict between their conclusions based on anecdotal observations and statistical facts.